2021 - The Year for EMH, page-363

Continued concerted efforts will be needed to address the remaining major obstacles to developing a competitive, sustainable and resilient battery value chain in Europe:strengthening local supplies of raw materials and processing capacities for all battery materials, and rapidly accelerating development of the battery active materials industry as the currently developed domestic projects will only partially satisfy the battery ecosystem’s needs by 2025;
https://ec.europa.eu/commission/commissioners/2019-2024/sefcovic/announcements/main-takeaways-vice-president-maros-sefcovic-following-meeting-high-level-industrial-actors-under_en
the Commission and the EIB will discuss with the Member States at the EBA Ministerial on 12 March ways to strengthen the application of industrial and customs policies to bolster production and refining of raw materials in the EU, and to achieve a better balance between domestic and external supplies of battery active materialsthe EIB has expressed its readiness to keep the entire battery value chain among its top investment priorities, To this end, the industrial actors will prepare a portfolio of the most advanced sustainable and bankable upstream projects for the EIB’s assessment, which would be discussed at expert level; Europe is well on track to become the second largest battery cell producer in the world,some projects have advanced their timelines and have raised their expected output capacity.
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